Centenary Rural Development Bank - Small Business Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 148 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Centenary Rural Development Bank Mapeera House, Plot 44-46, Kampala RoadKampalaP.O.Box 1892

Data approved: 2013-01-24

Data version: 2

Age of data: 148 months

Download Data

Analyze Data

Product

Small Business Loan Product 4 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (UGX)	UGX 5,100,000
Portfolio (USD)	USD 1,962
Active Clients with Loans	20,000
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Loans offered to small busness entreprenuers whose financial needs require funding greater than Ushs. 5 milion up to a maximum of Ushs. 15 milion. Repayment is through regular equal loan installments.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	4
Regions Active	Central, Eastern, Northern, Western

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 5,100,000
Maximum loan size	20,000,000

Distribution at Disbursement (Est.)

Loans less than UGX 1,000,000	0
UGX 1,000,000-5,000,000	0
UGX 5,000,000-7,500,000	30%
UGX 7,500,000-10,000,000	30%
UGX 10,000,000-13,000,000	20%
Greater than UGX 13,000,000	20%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	24.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	20%
Between 10 and 12 months	30%
Between 13 and 18 months	30%
Longer than 18 months	20%

Grace Period

Grace period usage	10%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months	x
Quarterly	x
Every 6 months	x
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.83%
Highest quoted nominal interest	2.00%
Reason(s) why interest rate varies	Client Risk
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Acceptance Fee	Stamp Duty & Mortgage Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	69,000
Fixed amount - max	0	510,000
Reason for variation	N/A	10,000 Stamp Duty & 59,000 to 500,000 Mortgage fee.
Appears on Repayment Sched?	Yes	Yes

Ongoing Fees

	Fee 1
Description	Monthly Monitoring Fee
% of loan amount - min	0.50%
% of loan amount - max	0.67%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	New borrowers pay 0.67% & existing borrowers pay 0.5%.
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

	Ins 1
Description	Loan Protection Insurance
% of loan amount - min	0.45%
% of loan amount - max	0.45%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Small Business Loan samples

	Sample 2	Sample 3	Sample 4
Loan Amount	UGX 11,000,000	UGX 12,500,000	UGX 15,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-12-11	2012-07-09	2013-01-09
Loan Term (Months)	13.0 months	24.0 months	37.0 months
Grace Period (Months)	0.7 months	0.0 months	0.0 months
Total Cost of Credit	UGX 2,431,796	UGX 4,894,980	UGX 8,658,864
True Price by Comp
Interest price component	26.9%	29.6%	29.7%
Fee Component	8.4%	4.9%	3.4%
Insurance Component	0.9%	0.5%	0.4%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	36.2%	35.0%	33.5%
Transparency Index	61	63	65

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Small Business Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	143
AMPL	0	0	0	143
Arman	41,500	529,107,000	1	143
Arohan	43,500	8,091,000	2	143
ASA INDIA	164,000	15,380,000	1	143
Asirvad	113,500	19,328,000	1	143
Asmitha	1,114,800	217,867,000	1	143
Bandhan	4,048,600	674,564,000	5	143
Belstar	123,000	23,945,000	2	122
BSFL	275,200	31,590,000	3	143
Chaitanya	20,700	3,748,000	3	143
Disha Microfin	69,000	14,332,000	2	143
Equitas	1,220,000	186,415,000	4	143
ESAF	354,200	43,500,000	5	143
FFSL	150,600	35,719,000	2	143
Fusion	66,800	9,820,000	2	143
Grama Vidiyal	738,200	102,101,000	1	143
Grameen Koota	586,600	83,555,000	15	145
Janalakshmi	506,000	119,077,000	2	143
L & T Finance	399,800	37,199,000	1	143
MFL	331,800	49,083,000	1	143
MMFL	175,000	23,752,000	2	143
Mpower	13,600	2,263,000	2	143
Sahayata	0	0	0	143
Saija	24,700	4,682,000	2	143
Samasta	45,500	4,809,000	2	143
Satin	405,600	90,174,000	2	143
SCCI	115,600	15,910,000	2	143
Share	2,195,400	376,727,000	1	143
SKS	3,409,000	355,029,000	2	143
SMILE	360,200	56,927,000	1	143
SNFL	9,400	1,779,000	1	143
Sonata Finance	158,200	22,724,000	3	145
Spandana	533,400	147,240,000	2	143
Suryoday	78,600	14,713,000	3	143
SVCL	118,200	18,886,000	1	143
Swadhaar	92,800	17,166,000	3	143
Trident	68,700	8,852,000	1	143
Ujjivan	913,300	160,848,000	5	143
Utkarsh	168,600	25,915,000	3	143
VFS	175,400	19,264,000	2	143
Asomi	50,300	4,743,000	2	175
AES India	3,600	286,000	1	175
Arth	2,900	611,000	2	175
Asomi	50,300	4,743,000	2	175
Barasat GS	1,100	99,508.02	1	175
BJS	6,000	468,000	1	175
Cashpor	417,000	50,452,000	1	174
Credible	10,000	1,669,540.36	2	175
DIBAKAR	1,800	145,000	1	174
GOF	65,200	5,388,000	4	174
Hope	62,600	4,407,000	1	172
Jaago	2,700	237,000	1	173
LOK	4,900	573,000	1	174
Nano	25,600	3,660,000	2	175
NBSAAVS	28,100	2,821,000	1	172
Nirantara	8,200	917,000	2	174
Parama	7,100	482,000	1	174
Pragathi	26,200	4,579,000	6	174
PWMACS	36,500	5,946,000	1	174
Saadhana	90,900	12,046,000	2	174
Sambhav	1,500	183,000	3	174
Seba Rahara	6,700	468,000	1	174
SU	61,100	5,498,000	1	174
Swayanshree	7,900	918,000	2	174
Vikas Samiti	1,600	168,000	1	174
Vistaar	4,300	1,157,000	2	172
We The People	1,100	244,000	2	174
WEMCS	1,100	85,000	1	174
Yukti	1,100	99,000	2	174

Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Small Business Loan samples

Small Business Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources